Category Finance

US Inflation Pressure on Gold 

Gold remained flat after the US inflation rate exceeded expectations and continued its decline for the second day. On the other hand, on the Shanghai Gold Exchange, ounce of gold was traded at a premium of 90 dollars and reached…

China’s Impact on Global Markets 

Leading economic data in China pointed to a revival. Arm Holdings, which carried out the largest public offering of this year, rose 25% on its first trading day. As Brent oil prepares for its third weekly rise, analysts are now…

Tourism in Europe surpassed pre-pandemic levels

In European Union (EU) countries, the number of nights spent in tourist facilities such as hotels and hostels in the first half of this year exceeded the level before the Covid-19 outbreak.  The European Statistical Office (Eurostat) published nightly tourist…

Russia Raises Interest Rates Once Again

The Central Bank of Russia made another interest rate increase after the emergency increase last month, as the pressure on the ruble continued.  The Central Bank of Russia increased the policy rate from 12 percent to 13 percent at its…

4.9 Billion Trade Surplus from the EU

The European Union (EU) had a total foreign trade surplus of 4.9 billion euros in July. The European Statistical Office (Eurostat) published the international trade data of the EU and the Euro Zone for July. According to the data, EU exports decreased…